Core Viewpoint - The semiconductor equipment sector has experienced significant growth, leading the rebound in technology stocks, but has recently faced a correction after a period of rapid gains [1][7]. Group 1: Recent Performance - The semiconductor equipment index surged over 30% in half a month and over 50% in three months, becoming the standout performer in the A-share market [1][7]. - From September 22 to September 24, the index rose a cumulative 16.85%, outperforming 276 other industry indices [3]. - On September 24, several semiconductor equipment ETFs reached their daily limit up, with notable gains of 9.55%, 9.44%, and 9.4% [3]. Group 2: Driving Factors - Key factors driving the recent surge include the establishment of Changcun Phase III Integrated Circuit Co., which is expected to enhance domestic semiconductor equipment production capacity [3]. - The increase in storage chip prices has exceeded market expectations, likely driving global storage chip capacity expansion [3]. - The recent display of lithography machines at the Industrial Expo has positively influenced market sentiment [3]. Group 3: Market Sentiment and Future Outlook - Analysts suggest that the recent correction in the semiconductor equipment index is a natural adjustment after substantial gains, with the long-term growth trajectory remaining intact due to AI demand [6][7]. - The semiconductor equipment sector is expected to continue benefiting from increasing domestic production rates and capital expenditure expansion, with projections indicating sustained high investment levels in wafer fabrication equipment [8]. - The semiconductor industry is a key focus of national policy support, indicating a favorable development outlook [9].

3日涨超16%，半个月涨超30%，3个月涨超50%，半导体设备板块以"一骑绝尘"的姿态引领科技股反 弹，成为A股市场最亮眼的明星。 但在狂欢之后，9月25日，半导体设备指数出现回调。 拉长时间来看，9月10日至9月24日，在中信三级行业指数中，半导体设备指数大涨逾33%，在276个细 分行业中位列第一。 对此，止于至善投资总经理何理分析，近期半导体设备指数表现突出由多个因素推动：首先，长存三期 (武汉)集成电路有限责任公司9月5日注册成立，长存三期公司成立是长存三期扩产的重要标志，半导体 设备国产化率有望继续提升。其次，存储芯片价格涨幅超出市场预期，有望推动全球存储芯片产能扩 张。另外，近期工博会上光刻机的相关展示对市场情绪产生了较为明显的催化作用。 此外，业内认为，补涨需求凸显也是近期半导体设备指数大涨的重要因素。 华夏基金指出，本轮科技行情共识很高，资金逐步挖掘低位机会。"其中，8月国内算力行情中主要是芯 片设计公司上涨，而半导体上游的设备、材料等前期表现一般，近期则迎来加速补涨。"华夏基金表 示。 回调是机会还是风险？ 21世纪经济报道记者采访的多家机构指出，这场由AI需求驱动的狂奔，背后的核心逻辑依然 ...